BANG ON TARGETTARGET ACHIVED
IDBIBANK at 137
book profit
Thursday, September 9, 2010
Corporate Snippets
Tata Steel is in talks with banks to raise between US$4.5-US$5.5bn loan to refinance debt at its European unit Corus, (BS)
Tata Steel raised Rs7bn by selling shares of Tata Motors and Tata Power to a group company, Tata Industries. (ET)
Tata Steel plans to buy a ferrochrome mine in South Africa for captive use of its ferrochrome processing unit, Tata Steel KZN in that country. (BL)
BHEL to enter JV with Kerala government. (ET)
BHEL and BGR Energy are in race for two orders worth Rs120bn from Rajasthan government.
Cairn India to pay taxes due in India, UK on Vedanta deal. (ET)
Tata Steel raised Rs7bn by selling shares of Tata Motors and Tata Power to a group company, Tata Industries. (ET)
Tata Steel plans to buy a ferrochrome mine in South Africa for captive use of its ferrochrome processing unit, Tata Steel KZN in that country. (BL)
BHEL to enter JV with Kerala government. (ET)
BHEL and BGR Energy are in race for two orders worth Rs120bn from Rajasthan government.
Cairn India to pay taxes due in India, UK on Vedanta deal. (ET)
Wednesday, September 8, 2010
European market update: FTSE index down 0.3%, DAX index down 0.2% and CAC index flat
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BUY Hindalco Sep Fut at Rs181.5 with SL of Rs177 for Target of Rs191
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BUY DLf Sep Futs at Rs318 with SL of Rs311 for a target of Rs338
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Tuesday, September 7, 2010
European markets update: FTSE Index down 0.3%, CAC Index down 0.8% and DAX Index down 0.5%
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BUY L&T Sep Futs at Rs1855-1857 with SL of Rs1844 for target of Rs1902
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Monday, September 6, 2010
European markets update: FTSE Index, CAC Index up 0.5% each and DAX Index up 0.4%
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Tata Steel raises flat-product prices by as much as 4%
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FIIs were net buyers of Rs2.83bn in the cash segment on Friday (provisionally), according to the NSE web site. Local funds were net sellers of Rs1.23bn. In the F&O segment, the foreign funds were net buyers at Rs5.91bn. FIIs were net buyers of Rs1.48bn in the cash segment on Thursday, as per SEBI's web site. Mutual Funds were net buyers at Rs195mn on the same day.
Corporate Snippets
Wipro and Leica Geosystems bags Rs1.2bn project that involves setting up operator-independent truck dispatch systems at Coal India’s 11 large mines. (ET)
SBI is considering the merger of all five of its remaining associate banks with itself, having amalgamated with two of them in the last two years. (BS)
Indian promoters of Hero Honda are reportedly in talks with PE players to raise the funds to buy 26% stake held by Honda Motors. (BS)
Cipla could take a decision on buying up to 25% stake in a unit of South Africa-based Cipla Medpro at the next board meeting in October. (ET)
Reliance Capital AMC has bought two series of convertible preference shares in Trent, the retail arm of the Tata group, for Rs210mn. (ET)
SBI is considering the merger of all five of its remaining associate banks with itself, having amalgamated with two of them in the last two years. (BS)
Indian promoters of Hero Honda are reportedly in talks with PE players to raise the funds to buy 26% stake held by Honda Motors. (BS)
Cipla could take a decision on buying up to 25% stake in a unit of South Africa-based Cipla Medpro at the next board meeting in October. (ET)
Reliance Capital AMC has bought two series of convertible preference shares in Trent, the retail arm of the Tata group, for Rs210mn. (ET)
Friday, September 3, 2010
European markets update: FTSE Index up 0.16%, CAC Index up 0.29% and DAX Index up 0.28%
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BUY OBC Sep Futs between Rs446.50 - 447.50 with SL of Rs438 for Target of Rs471
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BUY DLF Sep Fut at Rs314 with SL of Rs309 for Target of Rs325
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FIIs were net buyers of Rs823.1mn in the cash segment on Thursday (provisionally), according to the NSE web site. Local funds were net sellers of Rs1.18bn. In the F&O segment, the foreign funds were net buyers at Rs20.65bn. FIIs were net buyers of Rs5.27bn in the cash segment on Wednesday, as per SEBI's web site. Mutual Funds were net sellers at Rs3.52bn on the same day.
Corporate Snippets
The marketing agreement between GAIL and RIL to sell D6 gas stands inoperative due to a Government policy that does not allow RIL to sell gas independently. (BL)
DLF has put on hold its plan to sell its non-core assets including ultraluxury hotel chain Aman Resorts and wind energy business for the next three quarters. (ET)
M&M has announced the launch of the Maxximo, its sub-2-tonne mini truck, in the Tamil Nadu market. (BL)
TCS has become the second largest insurance BPO provider in the UK after winning two deals worth GBP250mn. (BS)
IOC seeks land adjacent to its Haldia refinery for expansion. (BL)
Rishad Premji, son of Wipro Chairman Azim Premji, has been appointed as Chief Strategy Officer of IT Business at Wipro. (BL)
DLF has put on hold its plan to sell its non-core assets including ultraluxury hotel chain Aman Resorts and wind energy business for the next three quarters. (ET)
M&M has announced the launch of the Maxximo, its sub-2-tonne mini truck, in the Tamil Nadu market. (BL)
TCS has become the second largest insurance BPO provider in the UK after winning two deals worth GBP250mn. (BS)
IOC seeks land adjacent to its Haldia refinery for expansion. (BL)
Rishad Premji, son of Wipro Chairman Azim Premji, has been appointed as Chief Strategy Officer of IT Business at Wipro. (BL)
Thursday, September 2, 2010
European markets update: FTSE Index 0.3%, CAC Index down 0.6% and DAX Index down 0.4%
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BUY SAIL Sep 190 CALL Option at Rs8 with SL of Rs5 for Target of Rs14
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FIIs were net buyers of Rs3.59bn in the cash segment on Wednesday (provisionally), according to the NSE web site. Local funds were net buyers of Rs1.68bn. In the F&O segment, the foreign funds were net buyers at Rs6.82bn. FIIs were net buyers of Rs5.38bn in the cash segment on Tuesday. Mutual Funds were net sellers at Rs3.52bn on the same day.
Corporate Snippets
Reliance Industries has hiked its stake in hospitality firm EIH Ltd to 14.8%, taking the Mukesh Ambani-led firm a step closer to the threshold limit of 15% for making an open offer. (BS)
Jaguar Land Rover, a Tata Motors subsidiary, will launch a slew of entry-level cars, including a station wagon and a roadster, to boost volumes across markets. (ET)
ONGC, foreign arm ONGC Videsh is set to acquire shale gas assets in the US. (ET)
ICICI Bank seeks help from debt recovery tribunal in an attempt to recover dues from Subhiksha, which owes the bank over Rs1.5bn. (ET)
Bajaj Auto hiked his stake in the company through the open market purchase of 590,000 shares for Rs164 crore, as part of the promoters’ move to consolidate their holdings in the two- wheeler major. (BS)
Jaguar Land Rover, a Tata Motors subsidiary, will launch a slew of entry-level cars, including a station wagon and a roadster, to boost volumes across markets. (ET)
ONGC, foreign arm ONGC Videsh is set to acquire shale gas assets in the US. (ET)
ICICI Bank seeks help from debt recovery tribunal in an attempt to recover dues from Subhiksha, which owes the bank over Rs1.5bn. (ET)
Bajaj Auto hiked his stake in the company through the open market purchase of 590,000 shares for Rs164 crore, as part of the promoters’ move to consolidate their holdings in the two- wheeler major. (BS)
Wednesday, September 1, 2010
TVS Motors August sales grow 30%
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Maruti August sales at 105000 units (up 24%)
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BUY ICICI Bank Sep 1000 CALL at Rs29 with SL of Rs20 for Target of Rs49
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FIIs were net buyers of Rs2.88bn in the cash segment on Tuesday (provisionally), according to the NSE web site. Local funds were net sellers of Rs5.95bn. In the F&O segment, the foreign funds were net buyers at Rs13.48bn. FIIs were net buyers of Rs2.73bn in the cash segment on Monday. Mutual Funds were net buyers at Rs83mn on the same day.
Corporate Snippets
With production from Reliance Industries’ KG-D6 field stuck at 60mmscmd, the government has decided not to make any fresh gas allocation from it. (BS)
Reliance Industries is likely to bid for Rs75bn, 1,320-Mw thermal power project at Gulbarga in north Karnataka. (BS)
Reliance Industries has made a fourth consecutive disocery in KG-D3 block. (BS)
According to the Chairman of ONGC, the company has a right of first refusal in case of some of the blocks, including Barmer, through our joint operating agreement. (BS)
Infosys Technologies does not foresee a major dent in its margins because of the hike in US visa fee but might pass on the new cost to its US customers. (BL)
HDFC has increased its retail prime lending rate by 50bps to 14.25%. (BS)
Reliance Industries is likely to bid for Rs75bn, 1,320-Mw thermal power project at Gulbarga in north Karnataka. (BS)
Reliance Industries has made a fourth consecutive disocery in KG-D3 block. (BS)
According to the Chairman of ONGC, the company has a right of first refusal in case of some of the blocks, including Barmer, through our joint operating agreement. (BS)
Infosys Technologies does not foresee a major dent in its margins because of the hike in US visa fee but might pass on the new cost to its US customers. (BL)
HDFC has increased its retail prime lending rate by 50bps to 14.25%. (BS)
Tuesday, August 31, 2010
Low risk high retunr:buy Nifty Sept Futs at Rs5386 with SL of Rs5368 for target of Rs5420,5430
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Karur Vysya Bank to consider Bonus and rights offer on September 7
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European markets update: DAX Index down 1.3%, FTSE Index down 1.4% and CAC Index down 1.5%
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Reliance Industries : at 915
Buy & Hold on Every dips...
Sell on this DIWALI..
TARGET 1100 ++
India manufacturing grew 12.4% in april-june quarter
India Trade, Hotels, Transport Grew 12.2% In April-June Quarter
India Financing, Real Estate Grew 8% In April-June Quarter
Indian economy grew 8.8% in April-June
India Financing, Real Estate Grew 8% In April-June Quarter
Indian economy grew 8.8% in April-June
Buy and EIH at 161.90 for 15 days delivery....
SURE SHOT
BUY AND HOLD
EIH AT 161.90
FOR 15 DAYS
BUY AS MUCH
YOU CAN
SAVE THIS MESSAGE
TARGET
188++191++
BUY AND HOLD
EIH AT 161.90
FOR 15 DAYS
BUY AS MUCH
YOU CAN
SAVE THIS MESSAGE
TARGET
188++191++
VIDEOCON: Our morning call trading strong at 263
MORNING CALL
TARGET ACHIEVED
BOOK PARTIAL PROFIT
HOLD FOR 270 ++
Corporate Snippets
NTPC has signed a MoU with Bangladesh Power Development Board for setting up two 1,320 MW each power projects at Chittagong and Khulna in Bangladesh. (ET)
Jubilant Organosys has signed a long-term contract worth US$33mn with a US life sciences company for its custom research and manufacturing services (CRAMS) business. (ET)
Reliance Communications has set up an integrated third generation innovation laboratory to develop applications for mobile services consumers. (ET)
Pharmac, a New Zealand Government drug funder, will fully fund a brand of Quetiapine drug made by Dr Reddy's Laboratories. (ET)
Videocon is in talks with foreign entities for a 26% stake-sale in its telecom subsidiary--Videocon Telecommunications. (ET)
Jubilant Organosys has signed a long-term contract worth US$33mn with a US life sciences company for its custom research and manufacturing services (CRAMS) business. (ET)
Reliance Communications has set up an integrated third generation innovation laboratory to develop applications for mobile services consumers. (ET)
Pharmac, a New Zealand Government drug funder, will fully fund a brand of Quetiapine drug made by Dr Reddy's Laboratories. (ET)
Videocon is in talks with foreign entities for a 26% stake-sale in its telecom subsidiary--Videocon Telecommunications. (ET)
Monday, August 30, 2010
European markets update: FTSE Index up 0.3%, CAC Index up 0.2% and DAX Index up 0.2%
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BUY Cairn Sep Fut at Rs338.5 with SL of Rs334.5 for Target of Rs348
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We reiterate short on Wipro Sep Futs at Rs396 with SL of Rs402 for target of Rs384, 380
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BUY DLF Sep Futs at Rs310 with SL of Rs304 for a target of Rs322
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Short Educomp Sept Futs at Rs561 with SL of Rs574 for target of Rs545,540
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FIIs were net sellers of Rs1.08bn in the cash segment on Friday (provisionally), according to the NSE web site. Local funds were net buyers of Rs2.39bn. In the F&O segment, the foreign funds were net buyers at Rs24.84bn. FIIs were net sellers of Rs1.56bn in the cash segment on Thursday. Mutual funds were net sellers at Rs232mn on the same day.
Corporate Snippets
Tata Motors has entered into an understanding with IndusInd Bank for financing its range of passenger vehicles. (BL)
GMR Infrastructure said it has withdrawn a proposal to raise Rs50bn by issue of securities. (BL)
Borosil has sold its 18 acre industrial plot in Mumbai for Rs8.3bn. (BL)
Royal Enfield, a unit of Eicher Motors, is planning to double annual capacity to 0.1mn units in 2-3 years. (BL)
Power Grid is among the three firms shortlisted by Nigeria to manage electricity grid to be constructed at a cost of US$3.5bn. (BS)
Lupin’s generic tuberculosis drug ethambutol tablet has been included by the WHO in the list of pre-qualified medicines. (BS)
GMR Infrastructure said it has withdrawn a proposal to raise Rs50bn by issue of securities. (BL)
Borosil has sold its 18 acre industrial plot in Mumbai for Rs8.3bn. (BL)
Royal Enfield, a unit of Eicher Motors, is planning to double annual capacity to 0.1mn units in 2-3 years. (BL)
Power Grid is among the three firms shortlisted by Nigeria to manage electricity grid to be constructed at a cost of US$3.5bn. (BS)
Lupin’s generic tuberculosis drug ethambutol tablet has been included by the WHO in the list of pre-qualified medicines. (BS)
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